Resource and Energy Economics最新文献_第3页

Pollution-induced migration and environmental policy in an economic geography model 经济地理模型中由污染引起的移民和环境政策

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-12-05 DOI: 10.1016/j.reseneeco.2023.101420

María Victoria Caballero , María Pilar Martínez-García , José R. Morales

{"title":"Pollution-induced migration and environmental policy in an economic geography model","authors":"María Victoria Caballero , María Pilar Martínez-García , José R. Morales","doi":"10.1016/j.reseneeco.2023.101420","DOIUrl":"10.1016/j.reseneeco.2023.101420","url":null,"abstract":"<div><p>This paper develops a two-region New Economic Geography model with polluting firms subject to regional abatement policies. Pollution accumulates in the local environment and decreases the welfare of the population. We show that environmental policies have two opposing effects on welfare: they reduce nominal wages and increase environmental quality. If environmental regulations are equally strict in the two regions then population, pollution and wages tend to converge as trade becomes more open. If the two regions have different but unambitious environmental regulations, firms agglomerate in the laxer region, which becomes a pollution haven. However, a sufficiently far-reaching environmental policy in one of the regions raises its environmental quality, increasing its attractiveness for population and firms, and the emergence of a pollution haven is avoided. We also show that if the natural absorption rate of pollution is low, the environment recovers slowly, population and firms move between regions in a pollute-and-flee cycle and no static equilibrium is reached.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765523000751/pdfft?md5=4874fd685524ef32e072da1e2b413cc5&pid=1-s2.0-S0928765523000751-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138569585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The energy transition: A balancing act 能源转型:一种平衡行为

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-11-21 DOI: 10.1016/j.reseneeco.2023.101408

Natalia Fabra , Mar Reguant

引用次数: 1

Global non-sustainable harvest of renewable resources reduces their present price but increases their net present value 全球不可持续的可再生资源收获降低了其当前价格，但增加了其净现值

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-11-20 DOI: 10.1016/j.reseneeco.2023.101409

Adam Lampert

{"title":"Global non-sustainable harvest of renewable resources reduces their present price but increases their net present value","authors":"Adam Lampert","doi":"10.1016/j.reseneeco.2023.101409","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101409","url":null,"abstract":"<div><p>Over-exploitation of natural resources is a major problem, and transitions to sustainable harvest are taking place worldwide. To determine the optimal harvesting strategy, including the optimal speed and approach to transition toward sustainable harvest, policymakers need to estimate the net present values of natural resources. Previous studies have shown that discounting reduces the future value of natural resources, but the long-term increase in their price may partially compensate for discounting. However, the price and future values of natural resources may also be affected by the transition from over-harvesting to sustainable harvest. Here we present a model that endogenizes the effect of non-sustainable harvest on the price of a renewable natural resource. We show that the transition to sustainable harvest is expected to increase the resource’s price significantly, at a rate that is greater than its long-term increase. Incorporating this effect increases the estimated net present value of ecosystems providing renewable natural resources.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765523000647/pdfft?md5=659ec33fb0de8fdd30410d8d9a620755&pid=1-s2.0-S0928765523000647-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138501228","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Valuing urban nature through life satisfaction: The consistency of GIS and survey indicators of nature 通过生活满意度评价城市自然:GIS与自然调查指标的一致性

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101406

S.P. de Vries , G. Garcia Alvarez , W.J.W. Botzen , M. Bockarjova

引用次数: 0

On the geography of vintage-specific restrictions 关于年份特定限制的地理位置

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101405

Carlos Fardella , Nano Barahona , Juan-Pablo Montero , Felipe Sepúlveda

引用次数: 0

Who bears the risk? Incentives for renewable electricity under strategic interaction between regulator and investors 谁承担风险？监管机构与投资者战略互动下的可再生电力激励措施

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101401

Peio Alcorta , Maria Paz Espinosa , Cristina Pizarro-Irizar

{"title":"Who bears the risk? Incentives for renewable electricity under strategic interaction between regulator and investors","authors":"Peio Alcorta , Maria Paz Espinosa , Cristina Pizarro-Irizar","doi":"10.1016/j.reseneeco.2023.101401","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101401","url":null,"abstract":"<div><p>Energy policies for promoting investment in renewable energy sources have become crucial for deploying green energy technologies worldwide. Conventional incentive systems assign risk to either policymakers or investors. In this paper, we combine option theory and game theory to obtain optimal parameters for incentive schemes with different degrees of risk-sharing. We present an empirical application to the Spanish electricity market for 2013, when the Feed-in Tariff scheme was still in force, and for 2019, when Feed-in Tariffs had been completely phased out but before the demand shock caused by COVID-19, the restructuring of market price limits, and the recent energy price crisis in Europe. Our results indicate that there are more flexible systems based on Fixed Tariffs and Premiums that can outperform conventional designs, since they may enable the same investment level to be reached at a lower regulatory cost. In addition, these hybrid schemes permit risk-sharing between both parties. Our results may also be useful for designing incentives awarded through competitive auctions.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50182160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Causal effects of Renewable Portfolio Standards on renewable investments and generation: The role of heterogeneity and dynamics 可再生能源投资组合标准对可再生能源投资和发电的因果影响：异质性和动态性的作用

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101393

Olivier Deschenes , Christopher Malloy , Gavin McDonald

{"title":"Causal effects of Renewable Portfolio Standards on renewable investments and generation: The role of heterogeneity and dynamics","authors":"Olivier Deschenes , Christopher Malloy , Gavin McDonald","doi":"10.1016/j.reseneeco.2023.101393","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101393","url":null,"abstract":"<div><p>Despite a 30-year long history, Renewable Portfolio Standards (RPS) remain controversial and debates continue to surround their efficacy in leading the low-carbon transition in the electricity sector. Contributing to the ongoing debates is the lack of definitive causal evidence on their impact on investments in renewable capacity and generation. This paper provides the most detailed analysis to date of the impact of RPSs on renewable electricity capacity investments and on generation. We use state-level data from 1990–2019 and recent econometric methods designed to address dynamic and heterogeneous treatment effects in a staggered adoption panel data design. We find that, on average, RPS policies increase wind generation capacity by 600–1200 MW, a 44% increase, but have no significant effect on investments in solar capacity. Additionally, we demonstrate that RPSs have slow dynamic effects: most of the capacity additions occur 5 years after RPS implementation. Estimates for wind and solar electricity generation mimic those for capacity investments. We also find similar results using an alternate treatment definition that allows states to meet their RPS requirements with pre-existing renewable generation and renewable generation from nearby states.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50182159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gasoline prices, traffic congestion, and carbon emissions 汽油价格、交通拥堵和碳排放

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101407

Jindong Pang , Lan An , Shulin Shen

引用次数: 0

Accounting for unintended ecological effects of our electric future: Optimizing lithium mining and biodiversity preservation in the Chilean High-Andean wetlands 考虑我们电力未来的意外生态影响:优化智利安第斯高原湿地的锂矿开采和生物多样性保护

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101389

Diana Roa , Ståle Navrud , Knut Einar Rosendahl

{"title":"Accounting for unintended ecological effects of our electric future: Optimizing lithium mining and biodiversity preservation in the Chilean High-Andean wetlands","authors":"Diana Roa , Ståle Navrud , Knut Einar Rosendahl","doi":"10.1016/j.reseneeco.2023.101389","DOIUrl":"10.1016/j.reseneeco.2023.101389","url":null,"abstract":"<div><p>The intersection of mining activities and the preservation of fragile ecosystems presents a challenge, exemplified by the coexistence of lithium resources and the pristine High-Andean wetlands. In this study, we demonstrate the transformative potential of accounting for the intrinsic non-use values associated with these vital wetlands. By incorporating these values, we not only reshape optimal mining patterns but also forge a path towards enhanced environmental conservation. To quantify the value of affected biodiversity and ecosystems, we employ a meta-analytic benefit transfer function. Subsequently, we integrate these values into a competitive land use model that treats ecosystem services as valuable assets and incorporates the opportunity costs associated with mining activities. The results of our study reveal a compelling narrative: when the value of wetland ecosystems is considered, the pace of lithium extraction is markedly affected. The extent of this impact varies depending on factors such as wetland size, ecosystem service value, damage levels, and resource rents. By quantifying the ecological impacts of mining in economic terms, our findings present an avenue for policymakers to design a mineral extraction tax that complements a mitigation hierarchy to conserve these precious ecosystems.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46713425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Looking beyond time preference: Testing potential causes of low willingness to pay for fuel economy improvements 超越时间偏好：测试改善燃油经济性的低意愿的潜在原因

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-10-01 DOI: 10.1016/j.reseneeco.2023.101404

Féidhlim P. McGowan , Eleanor Denny , Peter D. Lunn

{"title":"Looking beyond time preference: Testing potential causes of low willingness to pay for fuel economy improvements","authors":"Féidhlim P. McGowan , Eleanor Denny , Peter D. Lunn","doi":"10.1016/j.reseneeco.2023.101404","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101404","url":null,"abstract":"<div><p>Time preferences are considered a leading cause of the energy efficiency gap. We test two cognition-based mechanisms (concentration bias and underestimation bias) which are distinct from time preferences but can produce identical behaviour when costs are paid upfront and benefits are spread over time. We use an experiment that measures willingness-to-pay for an improvement in fuel economy to test the explanatory power of these mechanisms. The sample is large, nationally representative and comprised only of car buyers (n = 2368). The experiment varies between-subjects (i) the payment schedule for the fuel economy improvement, and (ii) the temporal framing of its monetary benefit. We combine the payment schedules and the benefit frames so that the pattern of results predicted by time preferences differs from the pattern predicted by cognitive mechanisms. Results support the preregistered hypotheses: willingness-to-pay increases as the payment schedule becomes more dispersed across time and decreases when the benefit is presented as more disaggregated (i.e. a monthly saving instead of annual or multi-year saving). The findings are consistent with the predictions of the two cognitive mechanisms, which may explain part of the energy-efficiency gap currently attributed to pure time preference.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50182162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0